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EHC

Encompass Health (NYSE:EHC) has seen a decrease in short interest, with the current short percent of float at 2.81%, down 5.39% from the last report. The company has 2.46 million shares sold short, requiring an average of 3.25 days for traders to cover their positions. This decline in short interest could indicate a more bullish sentiment towards EHC compared to its peers, where the average short interest as a percentage of float is 6.61%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:45 pm

DE

Deere & Company's (NYSE:DE) short interest has increased by 4.35% since the last report, with 2.70 million shares sold short, representing 0.96% of its float. The current short interest suggests a bearish sentiment among traders, though it's lower than the peer group average of 2.85%. The article highlights the importance of monitoring short interest as an indicator of market sentiment and discusses how an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:45 pm

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WUXIF

Goldman Sachs highlights a significant opportunity in the biotech sector for outsourcing the production of obesity therapeutics, projecting the global obesity market to reach $100 billion by 2030, potentially expanding up to $400 billion. Novo Nordisk and Eli Lilly, current leaders in the market, are expected to outsource 50% of their production to meet demand, creating a $5 billion opportunity for outsourced providers. Seven biotech stocks, including Avantor, Thermo Fisher, Waters Corp., Agilent Technologies, Danaher, Wuxi AppTec, and Asymchem Laboratories, are identified as beneficiaries of this trend.

Portfolio Pulse from Piero Cingari

March 13, 2024 | 4:35 pm

PSX

Bill Baruch announced live on CNBC that he has purchased shares of Phillips 66 (PSX), indicating a positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:32 pm

SCCO

Bill Baruch announced live on CNBC that he has increased his investment in Southern Copper (SCCO), signaling a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:31 pm

CAT

Caterpillar (NYSE:CAT) has seen unusual options activity, indicating a mixed sentiment among big-money investors, with 43% bullish and 56% bearish. A total of 39 uncommon options trades were spotted, with puts and calls suggesting a price window of $270.0 to $420.0 for CAT. The company, a leading manufacturer of heavy equipment, shows a neutral RSI and a slight price increase to $338.14. Analysts have a mixed outlook, with an average target price of $338.0 and a recent downgrade to In-Line by Evercore ISI Group.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:31 pm

OXY

Occidental Petroleum (NYSE:OXY) has seen a significant uptick in options activity, indicating a bullish sentiment among deep-pocketed investors. Benzinga's options scanner revealed 22 extraordinary activities, with a majority being calls. The targeted price range for OXY is between $40.0 to $80.0. Notable options activity includes both bullish and bearish sentiments on various expiration dates and strike prices. Occidental Petroleum, an independent exploration and production company, reported net proved reserves of nearly 4.0 billion barrels of oil equivalent and an average net production of 1,234 thousand barrels per day in 2023. The stock is currently trading at $61.55, up by 0.67%, with an RSI suggesting it may be overbought. Analysts have set an average target price of $71.0 for OXY.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:30 pm

RPM

Over the past 20 years, RPM Intl (NYSE:RPM) has produced an average annual return of 10.8%, outperforming the market by 2.75% on an annualized basis. A $1000 investment in RPM 20 years ago would be worth $7,667.31 today. RPM Intl currently has a market capitalization of $15.24 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:30 pm

PDD

PDD Holdings (NASDAQ:PDD) has significantly outperformed the market over the past 5 years, with an annualized return of 24.35% and an average annual return of 37.17%. An investment of $100 in PDD 5 years ago would be worth $474.95 today. The company's market capitalization stands at $162.31 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:30 pm

ARM

Bill Baruch announced on CNBC that he has sold his holdings in ARM. This move could signal his view on the company's future performance or market conditions.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:30 pm